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75% of the Jewish public in Israel purchases products from sites in Israel and abroad, according to a new survey conducted by the Israel Post Company ahead of the shopping holidays. The survey was conducted through the Shiluv I2R Research Institute in November 2019, in a national sample of 506 men and women from the adult Jewish population. By using the iPanel Internet Surveillance Panel, which covers 130,000 people, and the largest in Israel, 78% of shoppers on the various trade sites intend to order NIS 617 on average during the holiday season, twice the normal holiday. 11 when 65% of...

WeSure GlobalTech reported the signing of an agreement to acquire control (approximately 50.44%) in the Ayalon Holdings Group from Adv. Moran Meiri, the estate manager of the late Levi Yitzhak Rahmani, the former controlling shareholder in the company. WeSure, which signed the deal with Ayalon on Friday, will pay NIS 354.5 million for the shares - that is, the deal was made at a value of NIS 700 million, while on the stock exchange Ayalon is traded at a value of NIS 500 million. WeSure indicates that they have several options for financing the transaction, and that they are currently...

The mortgage market continues to boil: Bank of Israel data show that the volume of new mortgages taken out in February was NIS 7.3 billion, a jump of 19% compared to February last year, and of 11% compared to the average in the last 12 months. Similar to January, the average mortgage amount reached NIS 800,000 in February. The banking system notes that the strong data are due to high demand, for fear of continued price increases, and the lack of a plan to address the supply in the housing market on the horizon. In addition, economic uncertainty diminished with the gradual return to...

The average wage in the economy last May was NIS 11,300 gross, a decrease of 3% compared to April this year. This is according to data from the Central Bureau of Statistics. The number of jobs in May was 3.552 million, an increase of 15.5% compared to the same period last year and an increase of 1.1% compared to the previous month. The continued decline in the average wage in the economy can be attributed to the return of weaker workers to the labor market. Most of the laid off or workers who were expelled from the IDF were in occupations where the monthly income was low, especially in the...

There was a significant increase in 2020 in the number of working days lost to the Israeli economy as a result of strikes - 391,000 working days lost compared to only 110,000 working days lost in 2019. However, the number of strikes in the economy decreased last year, because strikes in 2020 were much longer, on average. New data published by the Labor Relations Unit in the Ministry of Economy shows that in 2020, which was entirely in the shadow of the Corona plague, there were "only" 31 strikes in Israel compared to 45 strikes in 2019

Discount Bank, despite navigating through challenging times, wrapped up 2023 on a positive note, with a net profit for shareholders totaling 4.2 billion shekels, marking a notable 20% increase from the previous year's figure of 3.5 billion shekels

There is no real danger to financial stability in Israel, but the intensity of the risk to financial stability in the first half of the year was assessed as medium-high. This emerges from the Financial Stability Report of the Bank of Israel's Financial Division, published on Tuesday. This is a rare assessment of its kind in Israel. The report reveals that Israel is below average among the countries that have provided support to the economy, both in grants to citizens and assistance to the self-employed and companies, and in providing guarantees for loans and opening special funds for...

Data published on Monday by the Central Bureau of Statistics reveal that the basic unemployment rate rose slightly in May to 3.5%, after it was 3.1% in April, 3.3% in March, 3.7% in February, 4.1% in January and 4.3% in December. Before seasonally adjusted data that neutralizes irregular jumps and external events, the unemployment rate remains at 3.6%, and in any case, it is a relatively low unemployment rate both in Israel's past and in the world today